Saturday, August 01, 2009
Roatan Bay Islands Golf -Pete Dye course
Real Estate Overview
An Overview is always a tough thing to do especially in the economic and political times we are in. The market certainly has changed here. There is far more of a Buyer’s market than in several years and there are a fair amount of very good deals floating around. My experience year to date is that there seems to be more Buyer’s interested in homes versus condos and home sites than previous years and budgets are tighter meaning that the lower end of the market
seems to be where most of the closings are. Being a cash market for the most part we really have no foreclosure or short sales, though there are some motivated sellers.
Pristine Bay/Black Pearl, the new Pete Dye design golf course community seems to be all but unaffected by anything that happens in the world and continues to move forward in their progress. Their new island hole is all but completed and there are people already doing some practice drives on the driving range.
Take a look here fro some updated photos just days old. The pre-construction stage of the new marina villas are impressive and value priced. Dye Designs are the top golf designer in the world with almost 300 courses. Pete Dye is one of only four designers in the world to be in the World Gold Hall of Fame. One very impressive place they are building here-
http://roatan-realestate.com/listing.php?id=418
Overall at this point in time I believe the market is stable. There is no doubt that overall prices have decreased, people are more motivated to take offers that would not have been considered a year or two ago and if you are looking this is the best time in several years to look and invest at Roatan. It seems that the “pundits” are saying that the economy is turning around worldwide. Prices low, value high.
An Overview is always a tough thing to do especially in the economic and political times we are in. The market certainly has changed here. There is far more of a Buyer’s market than in several years and there are a fair amount of very good deals floating around. My experience year to date is that there seems to be more Buyer’s interested in homes versus condos and home sites than previous years and budgets are tighter meaning that the lower end of the market
seems to be where most of the closings are. Being a cash market for the most part we really have no foreclosure or short sales, though there are some motivated sellers.
Pristine Bay/Black Pearl, the new Pete Dye design golf course community seems to be all but unaffected by anything that happens in the world and continues to move forward in their progress. Their new island hole is all but completed and there are people already doing some practice drives on the driving range.
Take a look here fro some updated photos just days old. The pre-construction stage of the new marina villas are impressive and value priced. Dye Designs are the top golf designer in the world with almost 300 courses. Pete Dye is one of only four designers in the world to be in the World Gold Hall of Fame. One very impressive place they are building here-
http://roatan-realestate.com/listing.php?id=418
Overall at this point in time I believe the market is stable. There is no doubt that overall prices have decreased, people are more motivated to take offers that would not have been considered a year or two ago and if you are looking this is the best time in several years to look and invest at Roatan. It seems that the “pundits” are saying that the economy is turning around worldwide. Prices low, value high.
Labels: Baby Boomer Investment South of the Border, Caribbean Islands, Honduras, Investment Alternatives. More fun than a monthly statement., Pristine Bay and the Pete Dye Black Pearl Gold Course
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